China Renews SAFE Deposits to Pakistan in the Amount of $2 Billion

China Renews Safe Deposits to Pakistan in the Amount of $2 Billion.  $2 billion in SAFE (State Administration of Foreign Exchange) deposits that were due to mature by the end of the current month have been extended by China to Pakistan for a period of one year.

In a succinct statement to the media on Thursday, Finance Minister Ishaq Dar confirmed the development. It was one of the conditions set forth by the International Monetary Fund (IMF) in order to fulfill the need for outside financing and advance toward the eagerly anticipated staff-level agreement.

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